Oireachtas Joint and Select Committees
Thursday, 13 October 2022
Public Accounts Committee
2021 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Environment, Climate and Communications
2021 Report of the Comptroller and Auditor General - Chapter 9: Implementation of the National Broadband Plan
9:30 am
Mr. Fergal Mulligan:
A change of ownership is always allowed for in the contract. It is a commercial agreement between shareholders to buy and sell shares of the company. NBI is a stand-alone commercial entity owned by private investors. Those private investors have decided to sell 80% of their shares. That is allowed for under the contract subject to the Minister’s consent, which entails a process that we are going through at the moment. The Minister has not yet made a decision.